My question involves estate proceedings in the state of: MARYLAND
My father died with a will that left all his assets equally to my sister and me. He had a reverse mortgage on his home. I would like to refinance the balance due on the reverse mortgage (a different lender has agreed to this, i.e. the loan to value is good and I qualify for this amount) and then rent the home back to my sister. My sister is good with the home being owned solely by me and does not require any proceedings from the home. The rest of the estate will be split between us.
The new lender does not want to proceed with the loan until the estate has completed probate. However, I don't understand how I can complete probate (I am the executor) without having the new loan in place. What is the best way for me to proceed with this?